Tag: Hambantota
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China, Sri Lanka to Fast-Track Hambantota Refinery
China’s state-owned oil company Sinopec signed an agreement with the Sri Lankan government to accelerate the building of a $3.7 billion oil refinery in the port city of Hambantota. The agreement includes fast-tracking unresolved issues around water access, land allocation, and taxes. The deal will be the largest single ...
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Sri Lanka Relents to Indian Pressure and Requests China to Defer Military Ship’s Arrival
Sri Lanka said on Monday it had asked China to defer the planned visit of a Chinese ship to the island country after initially approving its arrival this week, yielding to diplomatic pressure from neighbor India to keep the military vessel out.
The Legend of Hambantota and China’s “Debt Trap” Diplomacy
China's critics, largely in the U.S., often hold up the Sri Lankan port in Hambantota as the cautionary tale of what purportedly can happen when a developing country fails to pay back its loans to Beijing. Because Sri Lanka fell behind ...
A pedestrian reads a sign at a petrol station in Tacloban City, Leyte province, central Philippines on March 30, 2026. Photo by MARLON TANO / AFP
In response to Iran’s partial closure of the Strait of Hormuz, the United States has begun implementing a counter-blockade—leveraging naval patrols, sanctions enforcement, and selective interdictions to constrain Iranian oil exports and raise the costs of Tehran’s strategy. Rather than restoring stability, however, this tit-for-tat dynamic is accelerating fragmentation in global ...
China, Sri Lanka to Fast-Track Hambantota Refinery
China’s state-owned oil company Sinopec signed an agreement with the Sri Lankan government to accelerate the building of a $3.7 billion oil refinery in the port city of Hambantota. The agreement includes fast-tracking unresolved issues around water access, land allocation, and taxes. The deal will be the largest single ...
Sri Lanka Relents to Indian Pressure and Requests China to Defer Military Ship’s Arrival
Sri Lanka said on Monday it had asked China to defer the planned visit of a Chinese ship to the island country after initially approving its arrival this week, yielding to diplomatic pressure from neighbor India to keep the military vessel out.
The Legend of Hambantota and China’s “Debt Trap” Diplomacy
China's critics, largely in the U.S., often hold up the Sri Lankan port in Hambantota as the cautionary tale of what purportedly can happen when a developing country fails to pay back its loans to Beijing. Because Sri Lanka fell behind ...